Bitcoin, Ethereum, Dogecoin Trade Muted: Analyst Cites Return of ‘Christmas Palindrome Block’ on Hopes for Santa Claus Rally – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Bitcoin BTC/USD And Ethereum ETH/USD Christmas maintained its nearly flat trend on Sunday evening as the global cryptocurrency market cap declined 0.24% to $810.17 billion at 8:30 EST.







coins

twenty four hours Price (8:30 PM)
Bitcoin -0.02% $16,858
Ethereum -0.014% $1.221
dog coin -1.91% $0.07

What happened, dog coin doge/usd — Bellwester Mem Coin — was down 2.24% in a 24-hour muted trade on Sunday. Hopes of a “Santa Claus” rally faded as investors returned to selling risk-on assets.

US stocks closed higher on Friday, but not enough to avoid weekly losses on growing concerns of a possible recession. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite closed up 0.5%, 0.6% and 0.2%, respectively, but still closed lower for the week. According to Benzinga Pro. Financial markets will be closed on Monday for Christmas.

See more: Best Crypto Day Trading Strategies

popular analyst Will Clemente’s The assessment that bitcoin’s volatility has reached an all-time low has drawn overwhelming approval from fellow trader Shaun Bellew, who, citing accompanying charts showing how the cryptocurrency’s price has steadily declined, described the image as “beautiful.” ” They say. Shan said that the current decline in prices presents an ideal opportunity to accumulate bitcoin and capitalize on the promising trajectory of the market.

This festive season, merchants harkermer Wants everyone to stay safe as the “Christmas Palindrome Block” is just around the corner, signaling that the market is on a decline from its current lows.

Earlier last week, Peter Schiff kicked off A fierce debate on bitcoin extremists Michael Saylor add btc microstrategy MSTR balance sheet. Schiff suggested that this was a ‘Hail Mary’ move intended to prevent the collapse of the company. On the other hand, bitcoin supporters countered that the decision to hold bitcoin in one’s portfolio was the right one.

Read further: Amid Bitcoin’s 66% YTD Loss, Peter Schiff Has Advice for ‘HODLers’ This Christmas

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